Cost of Living in Solomons, MD

With a cost of living index of 162, Solomons, MD is one of the most expensive cities in the United States. Living here is 62% more expensive than the national average and 43% above the Maryland state average of 119. Solomons is a small community of 2,180 residents.

Housing costs are the biggest factor in Solomons's cost of living. The median monthly rent is $2,920 (121% above the US median of $1,319), and the median home value sits at $455,000 (49% above the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Solomons is $89,205, which is 19% higher than the national median of $75,149. Residents spend roughly 39% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Solomons. The area sees an average annual temperature of 58.3°F, with summers averaging 77°F and winters around 39°F. Annual rainfall totals 45.3 inches spread over roughly 118 days.

Everyday prices in the Lexington Park, MD (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.